Glenn Yusuf joins CIMB Group

CIMB Group Holdings Berhad, formerly known as Bumiputera-Commerce Holdings Berhad, has appointed Glenn Muhammad Surya Yusuf, former chairman of Indonesia Bank Restructuring Agency (BPPN) as independent non-executive director.

Glenn has actually served on CIMB Group's International Advisory Panel since 2006 and was deputy chairman of the Bank Niaga-Bank Lippo integration steering committee in 2008. He was president director of PT Perkebunan London Sumatra (LSIP) Tbk in the period of 2003-2007.

Glenn was IBRA chairman in 1998-2000. Before that he was CEO of PT Danareksa (Persero), a state-owned investment bank. CIMB Group is the controlling shareholder of Bank CIMB-Niaga, the fifth largest bank in Indonesia with total asset of over Rp103 trillion as of September 2009.

Born in Jakarta, July 17, 1955, Glenn's name was implicated in the prosecution of State attorney Urip Tri Gunawan. At the court hearing in 2008, prosecutors accused Urip of threatening Glenn if he doesn't pay Rp1 billion, he would be named a suspect in the controversial Bank Indonesia liquidity assistance (BLBI) scandal. Glenn was afraid, and according to prosecutor, he gave Rp110 million to Urip through Glenn's lawyer Reno Iskandarsyah.

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